Apple and Google Leading $500M Bid for Kodak's Patents
Apple and Google have partnered together in hopes of scoring some 1,100 imaging patents being auctioned off by Eastman Kodak, reports Bloomberg. Kodak has been trying to sell the patents since the summer months as part of its bankruptcy restructuring plan. It was unsuccessful at scoring competitive bids at first. This new partnership between Apple and Google comes at a time when they are at odds with one another over smartphone patents. Bloomberg, citing unnamed sources, says the Apple and Google partnership is offering $500 million for the patents. None of the companies involved has confirmed Bloomberg's report.
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